In the market for insurance, the adverse selection problem leads
a. those most likely to collect on insurance to buy it
b. those who buy insurance to take fewer precautions to avoid the insured risk.
c. those with less insurance to take on more risk.
d. to none of the above.
a
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Which of the following has a production process that would be considered capital intensive?
A. A chorale B. Police detective work C. Auto manufacturing D. Serving food at a restaurant.
For a person earning $75000, the marginal tax amount from 40,001 to $75000 is:
A. $5,000
B. $7,500
C. $8,750
D. $14,250
The amount of money in an economy that people can invest is equal to:
A. their income. B. the value of their output. C. the value of consumption after gains from trade have been made. D. their savings.
One target of the UN Millennium Development Goals that has successfully been reached involved cutting in half the number of people who lack access to
a. public education. b. information technology. c. international trade. d. safe drinking water.